Panasonic Carbon India Co (BOM:508941) ROCE % : 9.09% (As of Mar. 2024)

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What is Panasonic Carbon India Co ROCE %?

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Panasonic Carbon India Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 9.09%.

Panasonic Carbon India Co ROCE % Historical Data

The historical data trend for Panasonic Carbon India Co's ROCE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Panasonic Carbon India Co ROCE % Chart

Panasonic Carbon India Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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12.96

14.48

10.36

7.12

9.68

Panasonic Carbon India Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															2.75	10.06	9.40	10.63	9.09

Panasonic Carbon India Co ROCE % Calculation

Panasonic Carbon India Co's annualized ROCE % for the fiscal year that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	146.24	/	( ( (1490.548 - 43.824)	+	(1624.357 - 50.753) )	/ 2 )
	=	146.24	/	( (1446.724	+	1573.604)	/ 2 )
	=	146.24	/	1510.164
	=	9.68 %

Panasonic Carbon India Co's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	143.092	/	( ( (0 - 0)	+	(1624.357 - 50.753) )	/ 1 )
	=	143.092	/	( ( 0	+	1573.604 )	/ 1 )
	=	143.092	/	1573.604
	=	9.09 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

Panasonic Carbon India Co (BOM:508941) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

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Panasonic Carbon India Co (BOM:508941) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Panasonic Carbon India Co Ltd (BOM:508941) » Definitions » ROCE %

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Address

Nungambakkam High Road, Pottipati Plaza, 77 (Old. No.35), Third Floor, Nungambakkam, Chennai, TN, IND, 600034

Website

https://www.panasoniccarbon.in

Panasonic Carbon India Co Ltd is an India based company. It is involved in the electronic components business sector. The Company operates in only one Segment: Carbon Rod as a component of Dry Cell Batteries. Geographically the company exports its products to Poland, Peru, Thailand, Indonesia, Brazil, Costa Rica, and African regions. Exports compromise maximum revenue for the company.

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